|[June 17, 2014]
VeriFone Welcomes Karen Austin to Board of Directors
SAN JOSE, Calif. --(Business Wire)--
VeriFone Systems, Inc. (NYSE: PAY), today announced that Karen Austin,
change management expert and CIO for Pacific Gas & Electric Co. (PG&E (News - Alert)),
will join the board, effective immediately.
"We are very excited to welcome Karen to the board. The technology
expertise she's demonstrated at some of the nation's largest retailers
as well as her strong leadership in implementing change across PG&E will
be a great asset for VeriFone and our executive team," said Alex W.
(Pete) Hart, chairman of the board, VeriFone.
"I'm delighted to have Karen join our board," said VeriFone CEO Paul
Galant. "Her success in leading organizational change, which essentially
modernized PG&E in ways that enhanced operations and customer service
and pushed it into the digital age, will help us to expedite the
transformational progress underway at VeriFone to become the company
that we want to be - a company that is client-first, operationally
excellent, strategically focused, properly organized, and operating with
a single, distinct culture."
After joining PG&E as CIO in 2011, where she oversees and directs IT
systems and cyber security initiatives that support all of PG&E's
customer touch points, Austin transformed the enterprise into a more
nimble and innovative company that leveraged and digitized big data to
enhance energy management for both the utility and its customers. For
this success, she was named one of Computerworld's
Premier 100 IT leaders-an award program honoring leaders that excel
at demonstrating positive anagement strategies, innovation despite
business challenges and effective use of information technology.
Prior to joining PG&E, Austin held several executive-level positions at
Kmart Corporation and Sears Holdings Corporation. At Kmart, she served
as Divisional Vice President of Supply Chain Applications, Vice
President of IT Applications, and Vice President for Applications
Development, Chief Information Officer and Interim Chief Marketing
Officer. At Sears, Austin served as Senior Vice President, CIO and
President of Consumer Electronics.
About VeriFone Systems, Inc. (www.verifone.com)
VeriFone Systems, Inc. ("VeriFone") (NYSE: PAY) is the global leader in
secure electronic payment solutions. VeriFone provides expertise,
solutions and services that add value to the point of sale with
merchant-operated, consumer-facing and self-service payment systems for
the financial, retail, hospitality, petroleum, government and healthcare
vertical markets. VeriFone solutions are designed to meet the needs of
merchants, processors and acquirers in developed and emerging economies
Safe Harbor Statement under the Private Securities Litigation Reform
Act of 1995 for VeriFone Systems, Inc.
This press release includes certain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995.
These statements are based on management's current expectations or
beliefs and on currently available competitive, financial and economic
data and are subject to uncertainty and changes in circumstances. Actual
results may vary materially from those expressed or implied by the
forward-looking statements herein due to changes in economic, business,
competitive, technological and/or regulatory factors, and other risks
and uncertainties affecting the operation of the business of VeriFone
Systems, Inc., including many factors beyond our control. These risks
and uncertainties include, but are not limited to, those associated
with: execution of our strategic plan and business initiatives and
whether the expected benefits of our plan and initiatives are achieved,
short product cycles and rapidly changing technologies, our ability to
maintain competitive leadership position with respect to our payment
solution offerings, our assumptions, judgments and estimates regarding
the impact on our business of the continued uncertainty in the global
economic environment and financial markets, our ability to successfully
integrate acquired businesses into our business and operations, our
ability to protect against fraud, the status of our relationship with
and condition of third parties such as our contract manufacturers,
distributors and key suppliers upon whom we rely in the conduct of our
business, our dependence on a limited number of customers, the conduct
of our business and operations internationally, our ability to
effectively hedge our exposure to foreign currency exchange rate
fluctuations, and our dependence on a limited number of key employees.
For a further list and description of the risks and uncertainties
affecting the operations of our business, see our filings with the
Securities and Exchange Commission, including our annual report on Form
10-K and our quarterly reports on Form 10-Q. The forward-looking
statements speak only as of the date such statements are made. VeriFone
is under no obligation to, and expressly disclaims any obligation to,
update or alter its forward-looking statements, whether as a result of
new information, future events, changes in assumptions or otherwise.
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